Monday, January 21, 2008

Some news isn't so much new as is a reaffirmation. To wit: "Murder on 33rd St." "Administration refuses to release records" That not new...but it is newsworthy to occasionally reaffirm that the problem hasn't gone away.

The delicious irony: the subprime mortgage crisis is in the process of driving down the interest rate. Monney is cheap and this makes the incumbents crazy since it makes it much easier for a competitor to succeed. So they try to scare them off. But Chatanooga, if they're smart, won't allow that to happen. The delay will cause them to sell their bonds in a moment when money is as cheap as it has been in a long time. The cable companies are about to hand the people of Chatanooga the best present they could ever get: cheap money. And all because they're so intent on raising the cost.